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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Interest income:        
Loans $ 7,454 $ 6,598 $ 21,800 $ 19,033
Investment securities - taxable 185 156 513 452
Mortgage-backed securities 929 751 2,537 2,634
Investment securities - tax exempt 1,147 898 3,275 2,574
Interest-bearing deposits and federal funds sold 161 8 260 16
Total interest income 9,876 8,411 28,385 24,709
Interest expense:        
Interest on deposits 939 657 2,615 1,911
Interest on borrowings 77 127 280 353
Total interest expense 1,016 784 2,895 2,264
Net interest income 8,860 7,627 25,490 22,445
Provision for loan losses 345 343 1,044 1,472
Net interest income after provision for loan losses 8,515 7,284 24,446 20,973
Noninterest income:        
Service charges on deposit accounts 932 746 2,717 2,339
Debit card fees 566 490 1,723 1,491
Investment services 138 100 332 237
E-commerce fees 31 31 104 94
Other operating income 192 215 610 582
Total noninterest income 1,859 1,582 5,486 4,743
Noninterest expense:        
Salaries and employee benefits 3,485 2,992 9,522 8,447
Occupancy expense 448 442 1,159 1,161
Equipment and furniture expense 159 104 430 356
Service and data processing fees 539 508 1,566 1,455
Computer software, supplies and support 175 162 480 456
Advertising and promotion 74 79 241 287
FDIC insurance premiums 115 86 301 293
Legal and professional fees 223 207 683 625
Other 564 443 1,605 1,485
Total noninterest expense 5,782 5,023 15,987 14,565
Income before provision for income taxes 4,592 3,843 13,945 11,151
Provision for income taxes 915 946 3,156 2,821
Net income $ 3,677 $ 2,897 $ 10,789 $ 8,330
Basic earnings per share (in dollars per share) $ 0.43 $ 0.34 $ 1.27 $ 0.98
Basic average shares outstanding (in shares) 8,517,614 8,502,614 8,508,103 8,492,501
Diluted earnings per share (in dollars per share) $ 0.43 $ 0.34 $ 1.26 $ 0.98
Diluted average shares outstanding (in shares) 8,536,407 8,519,376 8,533,850 8,509,752
Dividends per share (in dollars per share) $ 0.0975 $ 0.0950 $ 0.2925 $ 0.2850